- HIVE crosses $1M in 24H fiat KRW volume
- High fiat buys show fresh interest
- Spreads reaching as low as 0.1%
There's always a lot of crypto-to-crypto trading swashing around; such trades are transient moves to capture momentum, especially at points of high volatility, and the ease with which they can be executed, due to ease of moving around crypto, make crypto-to-crypto trades an asset to traders.
On the other hand, high volume on fiat trades is not too common beyond a few high market cap coins. Breaking into 7-figures of fiat volume is rare and only a handful of coins make that list.
Today, HIVE reached that enviable milestone on Probit!
Congratulations HIVE Community
Probit is the only exchange offering fiat pairs for HIVE and we made an effort to make this facility available almost immediately after HIVE's launch.
Yesterday, Probit's orderbooks processed over $1,000,000 worth of Korean Won buys for HIVE. This means HIVE's fiat volume on Probit exceeded even that of some major coins like EOS.
Today is off to a strong start: perhaps HIVE will be dethroning the Korean Won volume of more large cap coins!
As the only fiat market for HIVE, Probit is excited to enable continued inflow of fresh fiat into the HIVE token. We invite the HIVE community, particularly the Korea-based users, seeking to utilize fiat for the eventual purpose of buying HIVE to utilize Probit in order to skip exchange hopping and accessing HIVE from fiat in a single orderbook.
HIVE trading is accessible to our global user base under additional pairs against BTC and USDT.
Strong Liquidity
Beyond volume, order book depth signals a coin's liquidity. HIVE has reached some of the tightest spreads on Probit, signaling a strong market formation.
For users looking to accumulate HIVE, Probit's orderbook is offering tighter spreads than Bittrex at 0.98% for Bittrex vs just 0.11% for Probit.
Another congratulations to the HIVE community. We're excited to see the growing demand for HIVE!